The post Retirement Planning Challenges for People who are Single appeared first on ROI TV.
]]>Single women often encounter hurdles such as:
Beth, at 63, faces the following financial scenario:
Beth’s income will cease at retirement, leaving her dependent on Social Security and assets. However, her Social Security benefits are lower due to time spent out of the workforce raising children. This creates a liquidity issue despite her substantial home equity.
To address Beth’s financial concerns, James Canole recommends:
Beth must adapt her retirement plan to meet her individual needs, including:
Beth’s story highlights the critical need for personalized retirement planning, particularly after significant life changes like divorce. By addressing liquidity issues, optimizing her Social Security strategy, and leveraging home equity, Beth can achieve her financial goals while maintaining her desired lifestyle.
For single women like Beth, retirement planning is not just about managing numbers but about creating a plan that aligns with their unique challenges and aspirations.
You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.
Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.
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The post Retirement Planning Challenges for People who are Single appeared first on ROI TV.
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